Key facts
- South Korea's presidential office stated no details have been finalized on potential U.S. semiconductor tariffs.
- U.S. Commerce Secretary Howard Lutnick indicated a 'targeted' tariff policy for semiconductors is under consideration.
- The South Korean government will monitor developments and cooperate with the U.S. to prevent unfavorable impacts on its companies.
The presidential office of South Korea, Cheong Wa Dae, announced on Thursday that no specific details have been finalized regarding potential new U.S. tariffs on semiconductors. This statement comes after U.S. Commerce Secretary Howard Lutnick mentioned in a CNBC interview that the administration is considering a "targeted" and "thoughtful" tariff policy for semiconductors.
An official from Cheong Wa Dae stated, "As far as we know, details related to U.S. semiconductor tariffs have not been finalized." The official added that the South Korean government will closely monitor related developments and cooperate with the U.S. to prevent any unfavorable impact on domestic companies.